US Treasury Issues Additional Guidance on Beginning of Construction for Section 1603 Cash Grant Program
30 June 2010
Mayer Brown Legal Update
On June 25, 2010, the US Department of the Treasury (Treasury) released additional guidance for the Section 1603 cash grant program. The guidance is in the form of frequently asked questions and answers (FAQ) addressing the “beginning of construction” requirement for renewable energy property placed in service after 2010 but before the applicable placed-in-service deadline.